The land, labor, supplies, and permits add up.
Some of the initiative is philanthropic, but most of it is lending with an expected return for the bank.
Homeowners with federally backed mortgages can pause their monthly bill for up to a year. But they may get hit with a balloon payment at the end.
It looks like refinancing is making a comeback in the housing market. Dropping interest rates have brought a spike in applications to refinance mortgage loans. According to a report from financial analysts Black Knight, about 5 million homeowners in the US could benefit, saving hundreds of dollars a month. But is it a boon for […]
The Federal Housing Administration is growing concerned that lenders are allowing some first-time home buyers to take on too much risk. Earlier this month, the FHA told lenders that it will flag more loans as high risk, and raise the hurdle some borrowers must jump for FHA-backed loans. Click the audio player above to hear […]
A report from Reveal looks at racial discrimination in the mortgage business and the legacy of redlining.
It’s all thanks to ITINs — individual tax identification numbers.
Traditional lenders have shied away from financing the trendy homes, but that could change next year.